Zacks Research Upgrades Bain Capital Specialty Finance (NYSE:BCSF) to "Strong-Buy"

Key Points

• Bain Capital Specialty Finance has been upgraded to a "strong-buy" rating from Zacks Research, indicating increased analyst confidence in the stock's performance.
• Wells Fargo reduced its price target for Bain Capital Specialty Finance from $19.00 to $16.00, while still maintaining an "overweight" rating on the stock.
• The company's recent earnings results showed $0.47 earnings per share, exceeding analysts' expectations and reflecting a strong net margin of 37.90%.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday, August 19th,Zacks.com reports.

Separately, Wells Fargo & Company cut their price objective on Bain Capital Specialty Finance from $19.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $16.50.

Bain Capital Specialty Finance Stock Up 0.4%

Bain Capital Specialty Finance stock traded up $0.07 during midday trading on Tuesday, reaching $15.47. The company's stock had a trading volume of 97,209 shares, compared to its average volume of 290,532. The stock's 50-day simple moving average is $15.16 and its 200-day simple moving average is $15.82. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.63 and a quick ratio of 3.63. The stock has a market capitalization of $1.00 billion, a P/E ratio of 9.32 and a beta of 0.83. Bain Capital Specialty Finance has a 52-week low of $13.20 and a 52-week high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.04. The business had revenue of $70.97 million for the quarter, compared to analyst estimates of $67.88 million. Bain Capital Specialty Finance had a return on equity of 11.41% and a net margin of 37.90%. On average, sell-side analysts expect that Bain Capital Specialty Finance will post 2.06 EPS for the current year.

Institutional Trading of Bain Capital Specialty Finance

Several hedge funds and other institutional investors have recently bought and sold shares of BCSF. GPS Wealth Strategies Group LLC grew its holdings in Bain Capital Specialty Finance by 38.8% during the second quarter. GPS Wealth Strategies Group LLC now owns 2,682 shares of the company's stock worth $40,000 after acquiring an additional 750 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in Bain Capital Specialty Finance by 52.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,604 shares of the company's stock valued at $54,000 after purchasing an additional 1,241 shares during the period. Aquatic Capital Management LLC acquired a new stake in Bain Capital Specialty Finance in the fourth quarter valued at approximately $67,000. Quarry LP acquired a new stake in Bain Capital Specialty Finance in the first quarter valued at approximately $100,000. Finally, Quantbot Technologies LP acquired a new stake in Bain Capital Specialty Finance in the second quarter valued at approximately $121,000.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc is business development company specializing in direct loans to middle-market companies. The fund seeks to invest in senior investments with a first or second lien on collateral, senior first lien, stretch senior, senior second lien, unitranche, mezzanine debt, junior securities, other junior investments, and secondary purchases of assets or portfolios that primarily consist of middle-market corporate debt.